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delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ how to harlem shake your way out of a job. a group of australian miners were fired after posting their version. they say they violated safety standards. they said they weren't because they were wearing the helmets. it has taken over youtube. >> proves what i think we already knew. >> which is. >> everybody in australia is a jerk. >> okay. >> bring those people back. mining, company. jerks. >> why don't we on that happy note take a quick look at the markets which are currently edging higher and higher towards their all-time closing high

there. up by 30 points. thanks for watching "street signs." >> "closing bell" is next. hi, everybody. happy monday. we enter the final stretch. i'm maria bartiromo at the stock exchange. a lateday coming back getting close to record highs again. >> hi, maria. what do you think? i'm bill griffith. on "the closing bell" today, the dow had been down 59 points earlier in the session. now we are on pace, perhaps, to snap its losing streak of five straight down mondays. we got one thing going for us. one question is whether this will be the day the dow closes at a record. we need to be up 74-plus points to be at an all-time high today. last hour trading has been pretty wild lately. we've got a lot to cover over the next 60 minutes here. >> meanwhile, a lot about buffett today.

buying stocks not with the same enthusiasm as before, however. he's explaining that. and also he has a warning about what happens to stocks if and when the fed eases off the gas pedal. >> what do you mean if? it's going to happen at some point. what if we told you top earners are paying a bigger chunk of their paychecks to the federal government than at any time in the last 30 years. the author of a new report says just that. he'll be later here on the program. ahead of all that, let's check where we stand right now. rally underway yet again. the dow industrial average up with a gain of 35 points. about a quarter of a percent. 14,125. we are watching that average. nasdaq composite looks like this. al gains. technology mixed to higher today. up 31. we're keeping an eye on the dow

today. nearly 40 points away from 234e all-time report level. >> as always, anything can happen in this final hour. let's get to our exchange with danny hughes from devine capital. neil hennessey of the hennessey funds is out there in the ether world. and we've got rick santelli. da dani, is today the day? >> it could happen today. but is the excite just isn't there. i don't feel the excitement as we did a couple years ago. it's not there because the volume's not there. it's been abysmal in that department. december was terrible with 60 billion shares trading. last month was not so great either. we haven't seen the final numbers for february. but january was abysmal as well. >> it's interesting you bring up volume. some people might say that's why we're going to a record. because it's just not there, the euphoria. neil, what do you say?

we look at volume and wonder who the heck is doing all this buying sending this market up if we don't see the numbers in the volume? >> i think it's been a slow growth market. it's going to continue to be a slow growth market. if volume picks up, it picks up. but you're not going to see any euphoria for a long time. climaxes today or tomorrow, it doesn't matter. compare to dow jones with a yield at 2.5% versus 10-year government bond at 2%. what would you rather own for the next ten years? and simply so, when you look at the market i still think the market's undervalues anywhere between 2,000 and 5,000 points. >> keith bliss, what do you make of this lack in the market? and you think the next move is to the downside don't you? >> yeah, i do. there's no conviction in the market from what we can see. there's trends that tell us that. for example, you look at this grind higher and you have

dividend payers and defensive stocks moving with it. generally you don't see that. you would see those defensive stocks moving the opposite directions. it's the consumer staples and utilities. that is bizarre behavior for a market trending higher. i think the bias for this market is down. we're trending. if we get above 1530 on the s&p, we could have the all-time highs. but if we break below 1495 look to go down to 1450 and lower. >> there's a debate whether we're on the edge of a bill fall or an extended bull market. let me ask you, rick santelli, to jump in here. what happens to fixed income if we do see this rally accelerate? >> i think as the rally accelerates, there's a very good chance that logic would dictate rates should go up. but i'm not going to bet the rank on them going up very much. i think the reason there's no excitement is investors are saying riddle me this.

if everything is so good in the economics and the fundamentals are so good, why are 12.5 million americans out of work and why is the fed doing all these programs? well, you know, maybe the answer lies in japan. now that they're following our example, you see that their interest rates are moving down lowest in their 10-year rates in probably close to a decade. and we see their stock market even with currency adjustments is up about 5.5%. so i think that traders before the 2000 tech wreck felt pretty bold as well. >> dani, would you sbie international securities like japan? >> not japan. emerging markets, yes. we see a lot of mna activity, actually, coming out of europe and the united states. that's heating up a lot and we'll continue to see that as well we think going forward into the next year, year and a half. because there's so much cash on the sidelines and everybody wants to achieve more growth. how do you do that? you can't do it internally.

you've got to go out and buy something. >> why not japan? because this seems to be the moment after what? 20 years of not doing anything, they're doing down. all this new money moving into japan. you're against it. >> we've seen japan fall on its face. a couple years ago this happened. we're cautious about japan just because of the environment particularly in this. >> i know you like our market here in the market. what about the japanese market? >> i like the japanese market. i think it's an untold story. it's a gateway to asia. so much is going to happen in japan over the next three to seven years that people are going to be dumbfounded. they've had so many negatives over the last 20 years that you can count them. you can't count them on your hands, but essentially things have changed. corporations are in great shape. it's a great story probably for another time. >> dani, what's he got wrong here? >> i just think, again, it could happen once again that japan could fall on its face.

there's not been a case for japan in 20 years. so we'd like to see that start to overcome itself before we take action in japan. >> keith bliss, what's the catalyst you're looking for in this market that would send it lower, do you think? >> there's anything that could happen. we're just waiting for that match to light the fuse. you saw it last monday with the italian elections where we had a steep selloff. as we trade through the month of march and the next disaster that may be looming in washington is just the thing that could do it. or the economic data turn south. we'll soo a buildup in the excitement of the market. maybe not positive, maybe negative as the week goes through. and some of the other data. if that job reports just a bit to the downside, we could assess that level. that's a key level in the s&p. there's no reason to think we can't go down to 1450 on the s&p. >> what about the developments

in china overnight? we continue to see the chinese government tightening the screws, making it tougher in erm thes of real estate development there because they're afraid of a bubble. does this tell us anything about what's to come in china and perhaps indicate a bigger impact around the world? >> i agree with you 100%. if you watch any of the news and china's been denying a bubble for several years. but you need two things for a bubble. you need a lot of money and you a need people to experience cognitive dissidents. if that bubble were to leak out a bit, you'd have mass unemployment in china, social revolution in china, the chinese government would do everything they can to stem that off. that may make them to selling our own bonds. and you'd see inflation skyrocket throughout the globe. not a pretty picture.

that would be amental impact on the global market. it's something everybody should keep an eye on. it's not that far away from happening if they don't maneuver this thing correctly. >> words of caution there from keith bliss. thank you for joining us, all. here we are closing in on our all u-time high possibly for the dow. there it is with the dow up 33 points. we need to be up 74 for -- 74.87 if you're keeping score. can we do it? >> looks like the momentum is there today. as we approach this close, the dow higher with just about 50 minutes before the closing bell sounds. congress could not agree on a solution for spending cuts. but there is growing bipartisan support for breaking up the big banks. we have senator david vitter with us to tell us why he's reaching across the aisle to try to end too big to fail institutions.

also are some banks too big to jail. they want to know whether they're holding back on bank prosecutions because of fears it would rattle the stock market? details straight ahead. and senator vitter will be with us to react to that as well. plus capping executive compensation. a lot of ticks out there that just kicked in. the trend is starting to take hold. now the unintended consequences that we'll get to later on "the closing bell." stay tuned. much more to come. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade.

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certainly we've all heard the term too big to fail. but now there's a new phrase being thrown around in washington about the big banks and it is too big to jail. eamon javers here to explain. >> hi, bill. the phrase too big to jail means the big banks may have gotten so big that the department of justice is worried about prosecuting them for fear of the economic impacts downstream from taking any action related to crimes that the banks may have committed. two u.s. senators are very concerned about this. and their concerns were peaked by comments made by the department of justice's lanny brewer on "the untouchables." >> if i bring a case against

institution "a" and as a result of bringing that case, there's some huge economic effect. if it creates a ripping effect that suddenly counterparties and other institutions or companies that had nothing to do with this are effected badly, it's a fact we need to know and understand. >> senators sherrod brown and chuck grassley of ohio and iowa sent a letter to the department of justice. they're concerned about this. they say our markets will only function efficiently if participants believe laws will be enforced consistently and violators will be punished to the fullest extent of the law. there should not be one set of laws that apply to wall street and then for the rest of us. here's what the department of justice said. no corporate entity no matter how large is immune from prosecution. but also said prosecutors must determine whether there would be disproportion gnat harm to investors wsh pension holder,

customers, employees and others who were not culpable. they did not like the response they got there. they called irt evasive. and said the department of justice didn't respond to a series of questions the senators asked about how often they've actually deferred prosecutions based on concerns about economic impact. >> thank you so much. reaction now from republican senator david vitter. >> yeah. he's been working with democratic senator sherrod brown on a bill to make sure the taxpayers never have to bail out the big banks again. that too big to fail issue. we'll get to that in a moment. first you just heard eamon's report on the too big to jail issue in washington. what's your reaction to that? >> i think it's yet another aspect of too big to fail. more evidence that this is, indeed, a continuing problem. and we need to do something to solve it. i think dodd-frank has obviously not solved it.

i think it has made it worse because they give advantages. >> do you just want to boost the capital that banks have? or do you want to break these banks up? when you look at the legislation you have been working on, you're requiring banks to hold much more higher capital levels. we all know there are unintended consequences. even the fdic would say the banking capital is at or near record levels. if this is going to hamper the banks' abilities to lend to small businesses, how is that a good idea? >> well, the specific idea that sherrod brown and i are working on is somewhat higher capital requirements for the mega banks. we think that's necessary to even the playing field. i don't think it's going to dry up lending. most of the small businesses you're talking about are already very frustrated, don't get a lot of lending opportunities that they're seeking from the megabanks. i don't think it's going to change lending. it may change the mix of bank

size in the market and who's lending. but i don't think it's going to dry up or decrease lending. >> speaking with a high level executive, i'm going to be coy about this because he didn't want to be named. in a financial business, it's not a big bank but he knows that industry well. we were talking about your bill. and he said the problem with too big to fail bills to break banks up is you're not doing this on an international level. because bank bs compete on an international platform. and when you -- if you try to break up u.s.-based big banks, then they lose their ability to compete internationally. what about that? >> well, a couple things. first of all, we can't -- congress can't pass laws that will have international impact. but the united states can certainly lead. secondly, when you really compare apples to apples and have the same accounting systems, the evidence is that our megabanks are even much larger than european ones on average. so i think we have some room to

decrease that size and not be at any competitive disadvantage. third, we're a market leader. so i think if we lead, we could positively impact the development of basel iii or whatever is going to be done. >> isn't it legislation in a box because of the issue bill raises here? even if you look at what european regulators are trying to do now, they're trying to cap salaries for the bankers. let's see the swiss banks get those caps. how are the credits of theorld going to compete effectively with jpmorgan? same thing on this side of the ocean? how are jpmorgan and citi going to compete overseas if they're being split up and the europeans are not? can we ever get there? >> first, let's back up. we're not forcibly splitting up any institution. we would require somewhat higher capital standards for the megabanks.

and then they can make a choice based on that. do they want to absorb that cost which would only equalize their costs with smaller institutions. there are a lot of studies as you know including bloomberg that's quantified a too big to fail. but ultimately that's their call. the logical of your extension is we can't do any of banks because not every other country on the world market is going to do it. i'm not willing to, you know, just completely wash our hands of any regulation particularly when they are benefitting from too big to fail and have essentially a taxpayer subsidy right now. >> but one other thing. would you be inclined to go along with european regulators and consider caps on salaries? >> no, i would not. i've never supported that in this country. >> i tweeted about this earlier. a viewer responded with a question for you. he said when does the too big to

fail end? we got the living wills that the banks had to submit as part of the stress test. we got resolution authority. so he wants to know when does all of this drum beat on too big to fail end in congress? >> i think too big to fail ends when the market says it ends. and the market is saying right now as you know, through subsidies and lower costs to the megabanks that too big to fail is alive and well. i think that's the ultimate test of whether it still exists or not. and i think clearly the market objectively is determining that it's alive and well. >> senator vitter, we appreciate your time, sir. thank you for joining us. >> thanks, bill and maria. >> thank you so much, sir. we've got 40 minutes before the bell closes. we've come off thinker highs. now the dow up about 16 points. getting tougher and tougher to reach the all-time high level as we get close. >> it's like trading through

molasses right now. yahoo shares up more than 40% since marissa bear became ceo. someone here is with us coming up next with an interesting call on yahoo's stock. then president obama says the country's wealthiest need to pay their fair share. but a new study says they're paying higher tax rates than when jimmy carter was in office. that's coming up in the clb. but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business.

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welcome back. we've got a market that's losing altitude. let's go to jackie de angelo. >> we've been following pockets of trent today in this market. the dow transports have climbed to a new all-time high. we're also watching s&p retail index trading at a new all-time high as well. we've got target and home depot, some of the strength we're seeing. and also the top five dow components we're watching driving this little bit of a rally, the turnaround year to date. we've seen hpq, disney, travelers. that's led the strength from january 1st until now. bill, back to you. >> thank you very much. well, first she banned telecommuting. now yahoo's ceo marissa mayer is taking control on more. >> some of the products that her team have shut down have been on the chopping block for months.

late last year mayer was suggesting that avatar, for example, wouldn't be along for this. they are avatars, the blackberry app, yahoo clues, sports iq, general message boards and the updates api. look at the rationale they gave for the cut. the head at platforms for yahoo says the most important question they are asking is is this a daily habit? and this echoes the language in the yahoo's new 10k which stops calling it a digital media company. now they call it a global technology company. let me decode that for you. mayer wants everyone coming to yahoo and staying longer. she knows that's the only way yahoo's ad revenue goes up long-term. maria? >> thank you is much, jon fortt.

funny thing happened amid marissa meyer's moves. does this rally continue in yahoo? take a look at that cho rt. on the technical side is carter worth and steve cortez. good to see you. >> thank you. >> carter, what did the charts say about yahoo? how does it look? >> we love the setup you had a stock that was dormant. and only ten buys out of some 45 analysts, no one's paying attention. then it's off to the races here. it's got people caught offsides. stock is strong here. and it's only outperforming the market but big tech in general. if you look at the short-term chart. importantly from its high of up to 40 back in '06, '07. this has turned the corner. it's got all the hallmarks of a

period of strength. it's not likely to be ending any time soon. >> so you think it goes from strength to strength? >> yeah. >> what do you think steve? >> in recent weeks we've had an incredible run. i think for long-term holders to get out of this. if we'd take that chart back further, we'd see this stock topped out at $125 more than a decade ago. >> as did every major tech stock. unlike a lot of tech stocks which have recovered, it is trading where it was 15 years ago. if you had a child and bought them a share of stock in 1998, he's almost ready -- >> but all in big stock. >> that's not true of all big stocks. >> big tech stocks, yes it is. >> not for oracle for example. i'd prefer to buy google. the deal here is yahoo can try to rename itself and say we're now a tech company. but that doesn't make it so. and just hiring an executive

from google does not make it so. it is still an old media company. it is a second tier search player and an aggregator of content and content it doesn't control. this is a poor model. it's rallied well in excitement about marissa mayer. i think they the -- leader aboard. the stock rallied like crazy only to be disappointed. i think this is the jcp of tech. >> wow. so you want to sell it right here? >> that's very dire. >> i do, yes. if you're long, i think you need to be a seller. if it keeps rallying close to $25, i'm looking to be short. >> well, how do you explain the strength? how do you explain the rallying in the shares then, steve? something's behind the momentum and euphoria. >> because wall street gets crazy about believing in a ceo especially with a long broking company. we've had a number of

significant rallies. it's not as though it's been a one-way train. it's been downward. but you do get significant rallies back. it's been a great trading vehicle in both directions. i think for traders, absolutely play yahoo in both directions. but for investors, i think it is still a one-way train down. i think you're far better served in google. you want to go with mayer's former employment. not her current one. >> final word here? >> market strength is number one. something's driving the stock. and it's not just people losing their minds. >> that's what makes the market. we'll be watching this one. great conversation. we appreciate it. thanks, guys. meantime, marissa mayer's old company google continues its red hot rally. seema mody has more. >> bill just when the street thought google was ready for a

pullback, they hit a rally. capital flowing out of apple and into google. now, analysts pointing to the excitement behind google's product pipeline and the position in the online search market for the outperformance in the shares of google. even on a technical level, google can continue to move high ir from here 37 whereas apple is trading at critical levels. back over to you, bill. >> all right. thank you very much. seema mody. we're heading towards the close. 30 minutes to go here. and we are on all-time high watch for the dow. the industrial average needs to be up 74-plus points. say, 75 points to close at a new all-time high. up 30 now. will the rally come to a screaming halt if the fed ends the stimulus? [ no audio ]

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welcome back. drug makers involved in the fight against hiv are higher today after news that a mississippi baby born with the disease two and a half years ago is now entirely cured of the virus. this according to doctors and scientists. >> here's what happened. when the baby was 30 hours old, she was treated early and aggressively with three different medications. now she no longer shows any signs of hiv. so can this cure lead to a boom for the drug makers who are behind those treatments that were used? they are gl let's ask damian moniver and

barbara ryan. barbara, let's define some things here. this baby is considered functionally cured. what does that mean? >> that there is no impact of the virus on the immune system of the child. and based on the follow-up of the baby, that the baby will require no treatment. and that the virus has not, you know, increased and replicated. >> right. okay. >> but you say it's not a stock moving event, right? >> the issue is there are three drugs as bill mentioned. two of them from glaxo and pfizer. the third is sold by ab v. the patent on that will run until 2015. there is benefit in that regard. but the value is diminishing

every day. and let me just say that in the united states, there are about 100,000 children born with hiv. there are about 330,000 globally, but many of those in under-developed countries, you know, where the ability to pay is not as great. >> yep. dami damian, you say this is positive news for the drug sector but it's too soon to draw conditions, right? >> yes, i think that's right. when we see major announcements going forward, it benefits for two reasons. one, it reminds of great innovation going on. and two, it reminds the political landscape that we have to pay for these drugs. i think it gives the drug makers more leverage. so it's got more of a broad impact. i agree with barbara ryan. it's just something where it's going to be tricky to translate.

also you've got a lot of other drug makers who are bringing the next generation of hiv drugs out there that will potentially more and have better efficacy with these next generation drugs. >> does that mean we're going to be hearing this more often if these drugs improve or the protocol changes? are we going to be hearing about more cures down the road? >> absolutely that would be the hope i think as was just pointed out. we continue to make tremendous progress. not only in hiv but hcv where in both cases, you know, we can document patients who have been cured. >> right. well -- >> and that's encouraging. >> if companies continue to pursue this, that would suggest it's a profitable disease to go after. obviously. so if we get this kind of an eye-opening development, why isn't it necessarily a very good thing for these companies that are involved, barbara? >> well, i think it is a good thing in that the investments that are being made in new technologies and in continuing

to pursue treatment protocols for individual patient types can be fruitful and generate rewards. these three drugs which were tested in the private sector for this, you know, particular use are obviously near the end of their lives. but we may have more effective drugs as well as drugs that are safer that will come down the road. i think the other thing, you know, that we have seen is one of the reasons that there are only 100,000 children born in the united states with aids is because the early detection of the pregnant mother and the aggressive treatment which has allowed these children to be born, you know, without detectable virus. >> got it. barbara, dan, good to see you both. thanks for joining us today. >> thank you. heading towards the close. about 20 minutes to go here. i don't think so. >> well, 21 points. >> the dow needs to be up 75 to

hit an all-time high. we'll keep an eye on this. >> we are an all-time high watch here even with the government's blunt spending cuts in the green. many calling this a teflon market. also this may look like video of military training, but it's the fast growing world of obstacle course racing. maria loves this stuff. find out how big this business is getting and how one company is cashing in. see much more of this incredible video later on "the closing bell." ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way

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big morning here on cnbc. hope you saw it when we sat down with warren buffett for three hours of coverage on "squawk box" this morning. here's what he had to say thbt e market right now. >> anything i bought at 80 i don't over 100. ask whether there are other forms of cheaper investment, yes. we are buying stocks now because -- but we're buying them not because we expect them to go up. we buy them because we think they have good value.

>> you do the due diligence. you understand the nature of the business of a company you're looking at. you look at the market's perception of that business. then you invest or you don't. and if you do, as long as the conditions remain in place, you hold the investment no matter the volatility. >> this is one of the most important things that retail investors miss. when you have a market that's up as strongly and consistency as this market has been. it doesn't matter that this market has been rallying since november. what matters is where is this market valued relative to the opportunity for growth and growth in earnings in particular? you talk a ratio of 13-14 when you look bards. and 15-16 on forward earnings. these are not what we saw back in 1999. it's not even the valuations we saw back in 2007. >> that's not to say we couldn't have a 10% correction here any time soon. this market has gone far fast.

but in the ingaggregate, even warren buffett is buying green bananas and looking long-term. he's willing to buy for the long-term. >> absolutely. all about valuation as we watch the fed really continue to support this market. the dow industrials up about 25 points. we've got about 15 minutes before the closing bell sounds for the day. >> buckle up. we've got the final minutes coming your way in just a moment. also could a bursting bubble in china send the u.s. way off the highs in the near future? we'll talk about china and its impact. stick around. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪

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welcome back. sorry. >> take a look at this market, bill. >> let's do that. >> the all-time closing high 14,164. we're only ten minutes away. doesn't look like we get there today. >> need 50 points. let's ask our next guest. anthony chan, chris hise. we've asked two smart guys to join us here today. will it matter if we close at a high today? >> i don't think so but i think we'll get there. they're worried because somehow china is trying to slow the

economy down to avoid. that's not a concern. i would be more concerned if they were worried the economy was crashing. they're worried about italy because italy has political issues. plooil issues is what politician dos. they figure them out. >> but isn't it all connected? if we were to see a big real estate bubble burst in china, doesn't that impact the world? because for so long china has been the engine of growth for the world. >> yes, maria, but they have been working diligently to prevent a bubble in housing in china. this is not something they started overnight. i'm confident because they've been doing this for quite some time, they will be successful. >> chris, what do you think? >> love this market. i don't think we've ever seen opportunities week by week, month by month that we're seeing now. we're in the last couple of years, i think this extends to the next cycle. when you look at what anthony mentioned, all the imambulances around the world, it's not a reason to be concerned. it's a reason to say how do i

benefit from the imbalances being created? what's going to benefit from them? then ultimately there's got to be a growth pocket built somewhere else. >> i know the fed is a big part of all this. but in the end, it comes down to corporate earnings. and corporate earnings are good, but they're not great. do they warrant all-time highs right now? >> they do because of valuation. when you take a look at record profits, whatever sector you look at, then it filters into the profit. if we're at 18, 19 times earnings now, i'd say pullback. we're at a discount to the hundred year multiple. >> so how do you want to take advantage, then, of this momentum if you're right and this continues? what do you want to buy? >> certainly on week days we want to buy. but certainly i want to look across the entire cyclical industry. i want to make sure that we have big global brands making the durable goods that the consumer

and government needs. >> i think chris makes a good point. emerging markets this year are probably going to grow three to four times faster than developments. you want to have those companies. >> is the fed likely to be raising rates any time soon? >> absolutely not. i think the debate is when they stop quantitative easing. and when heard ben bernanke. they're telling you it's going to take longer and longer and longer. i think that the day will come. but it's nowhere near. >> what's the magic number on the 10-year? even with the reserve saying they're going to slow down qe, what number to you look at on the 10-year that has competitiveness? >> to be honest, i don't get really concerned about the 10-year. i get concerned if it goes up rapidly. if it goes up gradually and reflects the economy's improving, guess what. the economy will be able to withstand.

but if it goes up because of inflation, then i would be concerned. >> right now 10-year is going down. >> i would say completely with anthony there, two numbers to keep watching. probably late 2014 which is earlier than most people are saying. and 3% on the 10-year treasury. 3% is the magic number. >> thank you so much. >> thanks, guys. meantime, this market's rallied without apple. that's been taking a dive lately. seema? >> take a look at shares of apple. breaking $420 a share. a key level that traders watch. it's now the worst performing stock on the nasdaq. today the stock down about 2.5%. down about 21% year to date. that's shares of apple. back to you. >> thank you, seema mody. thank you very much. we're going to take a break now. we'll come back with the closing countdown. >> will today be the day for the dow's record? stay with us.

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gains. double digit move. >> it's a gain. and also let's not forget this breaks a trepd we had seen. something like eight consecutive monday this year that the dow had been low erlower. and today we're higher. about 26 points. we needed to be up 75 points to hit the all-time high at 14,164. where was the strength? where was the weakness in the dow components today? walmart was the strength. that was up almost 2%. katt caterpillar. >> little surprising considering that the -- you've seen some of the consumer numbers that weren't that strong. but it's a good sign. walmart i think a lot of people were talking about and target also that maybe weren't going to do that well in the second quarter. you know, this is a pretty -- that's a positive sign seeing walmart trade as high.

>> where else are you seeing the conviction on the buy side? >> health care stocks. you know, i think there's some underlying groups that haven't been touched here. i've been looking at water stocks believe it or not. i think those are some people are looking at. been asking about the ones that trade down here. it's an odd group, but a lot of potential. >> airlines hit an all-time high today as a group. the dow transport average is at an all time here. all of these bullish factors going in. the dow if it closes positive, this would be the second highest. so why is everybody so skeptical still? >> everyone's always afraid. it's a fear of heights. people don't like an area of uncharted territory. i like being in this level. we do have room on the upside, i feel. as i've said about 25 points.

last year was the same thing with monday. we had 49 out of 52 mondays were down. >> why? >> i don't know. still trying to figure that out. it used to be when monday were positive. there was always some announcement that came out on monday which propelled the market higher. now it's the opposite. >> where are you hearing the value upsets? people keep saying this market is valued very well. 13, 14 times earnings is good to be buying into now. is there areas of this market where your clients say this looks expensive the. >> they think technology is a little topee. but i'm not going to agree with that. i still think as far as technology tops, there's a lot of companies in there that are well priced. and i think there's a lot of potential in them. i'm going back into that growth mode where i used to be a value player. maybe that's not a good thing. at least one fed official of